The Board of Directors of DHH S.p.A. has examined and approved the consolidated financial statements report for the first half of 2021

Another semester of organic growth on revenue, EBITDA, and net profit, with cash conversion from EBITDA to operating cash flow equal to 118%, supported by the group business model grounded on recurring revenue coming from the sale of “Software as a Service” and “Infrastructure as a Service” subscriptions to over 100.000 customers across Southeastern Europe FINANCIAL HIGHLIGHTS ▪ OPERATING REVENUES EQUAL TO EUR 9,6 MILLION VERSUS EUR 3,7 MILLION AS OF 30 JUNE 2020 (+159%) ▪ RECURRING REVENUE (SAAS/IAAS) EQUAL TO ~90% OF NET SALES ▪ EBITDA EQUAL TO EUR 3,5 MILLION VERSUS EUR 547 THOUSAND AS OF 30 JUNE 2020 (+536%) ▪ NET RESULT EQUAL TO EUR 2,1 MILLION VERSUS EUR 215 THOUSAND AS OF 30 JUNE 2020 (+876%) ▪ NET FINANCIAL POSITION EQUAL TO EUR 2,4 MILLION, OF WHICH: EUR 9,9 MILLION (CASH EQUIVALENT); EUR 210 THOUSAND (CURRENT FINANCIAL ASSETS); EUR 2,5 MILLION (CURRENT FINANCIAL DEBT) AND EUR 5,1 MILLION (NON-CURRENT FINANCIAL DEBT) ▪ OPERATING CASH FLOW EQUAL TO EUR 4,1 MILLION VERSUS EBITDA EQUAL TO EUR 3,5 MILLION - CASH CONVERSION EQUAL TO 118% FINANCIAL HIGHLIGHTS - LIKE FOR LIKE* ▪ NET SALES EQUAL TO EUR 9,6 MILLION VERSUS EUR 8,8 MILLION AS OF 30 JUNE 2020 (+8%) ▪ EBITDA EQUAL TO EUR 3,9 MILLION VERSUS EUR 3,8 MILLION AS OF 30 JUNE 2020 (+2%) ▪ NET RESULT EQUAL TO EUR 2,5 MILLION VERSUS EUR 1,6 MILLION AS OF 30 JUNE 2020 (+52%) * In this representation Seeweb has been included both in H12021 and H12020 and the effect of the holding has been sterilized both in H12020 and in H12021 in order to give a representation of the industrial performance of the group.